An IRS stimulus check is a one-time payment issued by the Internal Revenue Service (IRS) to eligible individuals and families in the United States. The purpose of a stimulus check is to provide financial relief during times of economic hardship or to stimulate economic activity.
Stimulus checks have been issued in response to various events, such as the COVID-19 pandemic and the Great Recession. The eligibility criteria for stimulus checks vary depending on the specific legislation that authorizes them. Generally, individuals and families with low to moderate incomes are eligible for the full amount of the stimulus check, while those with higher incomes may receive a reduced amount or no payment at all.